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Quint Digital Media Rights Issue Details 2022, Record Date, Entitlement

Right Issue Status: Closed [9th Jan 2023 to 24th Jan 2023]

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Quint Digital Media Right Issue Detail

Quint Digital Media Limited offers Right Issue size of Rs 125 Cr. Opening subscription from 09 Jan 2023 to 24 Jan 2023. The company issues 42 right equity shares for every 37 equity shares held on the record date of, 22 Dec 2022. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs.50 per share. Stay updated with us to know more about the Quint Digital Media Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Quint Digital Media Right Issue Objective

Quint Ltd proposes to utilize the Net Proceeds towards funding the following Objects:

  • Towards exercise of the call option under the Quintype SHA.
  • Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
  • Payment of the remaining purchase price to RB Diversified for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
  • Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.
  • Pre- payment/repayment of loans.
  • General Corporate Purposes.

Quint Digital Media Right Issue Details

Quint Digital Media Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 25,000,000 Eq Shares
Right Issue Issue Size (Amount) ₹125.00 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹50 per share
Right Issue Record Date 22nd Dec 2022
Right Issue Entitlement 42 Rights Share for every 37 Equity Shares held as on Record Date
Right Issue Terms of payment Rs. 50/- per Rights Equity Share payable on application.
Listing At BSE
BSE Code 539515
NSE Code

Quint Digital Media Right Issue Dates

In this section we have covered all important dates related to Quint Digital Media Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Quint Digital Media Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 9th Jan 2023
Right Issue Issue Close Date 24th Jan 2023
Basis of Allotment Finalisation Date* 30th Jan 2023
Refunds Initiation* 1st Feb 2023
Credit of Shares to Demat Account* 1st Feb 2023
Right Issue Listing Date* 3rd Feb 2023

* - Tentative Dates

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  • About Company - Quint Digital Media

    Quint Digital Media Limited was originally incorporated as "Gaurav Mercantiles Limited" at New Delhi on May 31, 1985. The digital media platforms of the Company disseminates news, opinions, and current affairs content on India and the world covering multiple categories such as governance, politics, economy, business, entertainment, sports, technology, education, lifestyle, health and fitness, gender issues, and more.

    Quint Ltd acquired the digital content business, being operated under the brand name of "The Quint", of QML, a company under common control in accordance with IND AS, pursuant to the Business Transfer Agreement dated May 06, 2020. The company entered into the QMP SPA to acquire 100% equity shares and securities of QML including its underlying stake in QBML, Quintype India and YKA Media. Further, the Company also entered into the Spunklane SPA acquire 47.92% stake in Spunklane Media.

    Each of the digital media platforms also has its own social media channels on all major platforms including Facebook, Instagram, YouTube, Twitter, and more. The social media channels have a substantial number of followers or subscribers and a sizeable part of the total engagement and views generated by the Company are on social media.

    Quint Digital Media Right Issue Strengths

    • A diverse newsroom with special focus on sensitive issues
    • Building a sense of Inclusivity through its reader community
    • One of the first to support India's growing Digital News Media
    • Strategic collaboration with local and global media company
    • Experienced management team

    Quint Digital Media Financials for past 3 Years

    Past performance and financial results of Quint Digital Media.

    Quint Digital Media Limited Financial
    Period EndedTotal AssetsTotal RevenueProfit After Tax
    31-Mar-20140.5373.59-81.92
    31-Mar-21114.2939.16-61.12
    31-Mar-22106.7461.53-24.87
    Amount in ₹ Crore

    Company Address

    Quint Digital Media Limited
    Quint Digital Media Ltd 403, Prabhat Kiran, 17, Rajendra Place
    Delhi,Delhi-110008
    India
    Website: https://quintdigitalmedia.com/
    Phone: 011 4514 2374
    Email: [email protected]

    Registrar

    Skyline Financial Services Private Ltd
    D-153A, 1st Floor,
    Okhla Industrial Area, Phase-I,
    New Delhi -110020
    Website: https://www.skylinerta.com/
    Phone: 02228511022
    Email: [email protected]

    Lead Manager

    1. Choice Capital Advisors Pvt Ltd

    Quint Digital Media Right Issue Offer Document (Letter of Offer) >>Document

    Quint Digital Media Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    Quint Digital Media Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Quint Digital Media? Should I apply in Quint Digital Media Right Issue?

    Last Updated on 2023-01-09T13:02:38+00:00


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